Inotiv price target lowered to $1.50 from $3 at Lake Street

Lake Street analyst Frank Takkinen lowered the firm’s price target on Inotiv (NOTV) to $1.50 from $3 and keeps a Buy rating on the shares. Fiscal Q1 revenue was in line, but AEBITDA was below expectations, the analyst tells investors. Debt remains a significant overhang and the firm believes a near-term resolution could be a catalyst for shares, the analyst added.